Property and Facility Managers understand that profit margins are tight, but it’s still important to maintain your competitive fees all the while keeping your business viable. By controlling your costs can help strengthen your budget.
Consider how these three areas could help you streamline your operations to make them more profitable and efficient.
Investing In Energy Efficiency
Energy efficiency can help your profitability, and it can also appeal to potential renters who appreciate your efforts to be “green”.
The two main categories of energy efficiency are passive and active efficiency. You can improve passive efficiency by purchasing energy-efficient appliances and installing low-flow toilets and showers. While these items may have high price tags, the energy savings can be substantial over time.
Active efficiency means using less water and power during maintenance procedures and choosing reusable products rather than disposable. These methods may include changing HVAC filters, cleaning the condenser more often, and landscaping with plants that do not require frequent watering.
Implement CMMS Software
Computerized maintenance management system (CMMS) software organizes all of your property or facility maintenance work orders and service requests. CMMS software offers scheduling, tracking, and reporting tools, so you can improve your organization’s efficiency.
For property or facility managers, CMMS software also enables tenants to request maintenance service electronically, and the system will automate communication between your maintenance team and your service requestors. Implementing CMMS software helps you stay on top of scheduled tasks, plus tenants will feel more confident in your ability to address issues.
Start a Preventive Maintenance Program
While implementing a CMMS is the best way to organize maintenance demands, an even better way to save money is to take care of maintenance tasks before they become a problem.
CMMS software can help managers establish a preventive maintenance (PM) program, so you can create a schedule of maintenance tasks and prepare your managed properties for the months ahead. These tasks might include maintaining HVAC systems, scheduling vendor visits, cleaning the gutters in autumn, installing storm windows before the rainy season, and cleaning the roof.
By controlling your costs, it’s easier to keep your fees competitive and provide the management services that your customers want and need. Taking the time now to plan ahead you can not only make your job much easier and stress free but also profitable
Originally posted in mpulsesoftware.com by Premiere Works